the probability of event 1 is p and the


The probability of Event 1 is P and the probability of Event 2 is (1-p),for what values of P would you choose A?B?C? Values in the table are payoffs.
Choice /Event Event 1 Event2
A 0 20
B 4 16
c 8 0

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Operation Management: the probability of event 1 is p and the
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